In the wake of an increasingly scandalous banking scenario, fresh graduates in the European continent are shying away from investment banking jobs. However, it is not the same in U.S.
As the world economy has been experiencing a downward slide, demand for jobs in the investment banking sector has globally decreased. Firms in Europe have taken much of the mauling.
As per the 'ideal employer' rankings of Universum, a research firm, it was revealed that U.S. banking firms are doing much better than their European counterparts, reported eFinancial Careers.
It was observed that the Swiss banks did not do very well. Some American banks also made a poor impression.
Mentioned below are the rankings of some institutions that secured a place in the U.S. areas-
- Deutsche Bank - Rank 16
- Goldman Sachs - Rank 17
- J.P Morgan - Rank 18
- HSBC - Rank 28
- Morgan Stanley - Rank 30
- Credit Suisse - Rank 33
- UBS - Rank 39
Graduate employers said that applications for banking jobs have slumped by 10 to 20 percent in 2012, but they are however not facing any troubles finding candidates to fill the posts, reported eFinancial Careers.
Investment banks have also been maximizing their hiring drive by granting employment to interns. J.P Morgan, Morgan Stanley, Deutsche Bank and Barclays had already filled the vacancies in London by offering full time employment to interns even before the university placements started, reported eFinancial times.
However, demand for banking jobs in Asia has averaged down. J.P Morgan and Goldman Sachs were revealed to be the most sought after institutions securing the twelfth and thirteenth place respectively. Citi bank, Morgan Stanley and HSBC stood at 14,17 and 24 places in the Asian region rankings.
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